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Zeta Global (ZETA): Assessing Valuation After Manatuck Hill’s Big Bet and Raised 2026 Growth Targets

Simply Wall St · 2d ago

Manatuck Hill Partners quietly made Zeta Global Holdings (ZETA) one of its key bets after ramping its stake in the third quarter, just as management doubles down on a beat and raise streak and targets 2026 revenue growth above 20%.

See our latest analysis for Zeta Global Holdings.

The timing of Manatuck Hill’s move lines up with a stock that has cooled off in the near term but still carries a powerful longer record. It has a modest year to date share price return of 4.1% versus a punchy three year total shareholder return of about 127%, suggesting momentum has paused rather than broken as investors reassess growth and risk around the latest guidance.

If Zeta’s mix of data driven software and institutional interest has caught your eye, this could be a good moment to explore other high growth tech names through high growth tech and AI stocks.

Yet with shares still below analyst targets and trading at a hefty premium to current profits, investors are left wondering: is Zeta quietly undervalued here, or is the market already pricing in every ounce of its future growth?

Most Popular Narrative: 34.2% Undervalued

With Zeta Global Holdings last closing at $19.51 against a narrative fair value near $29.67, followers see a sizable gap that long term compounding could close.

Guidance for fiscal years 2026 and beyond has been raised, indicating confidence in margin expansion, improved free cash flow conversion, and sustained EBITDA growth over a multi-year horizon.

Several analysts point to Zeta's consistent outperformance relative to long-term targets. Organic business momentum is seen as robust and management has set new attractive growth goals that extend to 2030.

Read the complete narrative.

Curious what kind of revenue runway, margin lift, and future earnings multiple are baked into that outlook, and how far into the next decade it stretches? Dig into the full narrative to see which specific financial leaps are doing the heavy lifting behind that valuation call.

Result: Fair Value of $29.67 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, tighter privacy rules and intensifying competition from larger AI marketing platforms could slow Zeta’s growth and challenge the long term upside narrative.

Find out about the key risks to this Zeta Global Holdings narrative.

Build Your Own Zeta Global Holdings Narrative

If you are not fully convinced by this outlook or simply prefer to dive into the numbers yourself, you can craft a personalized view in just a few minutes, Do it your way.

A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Zeta Global Holdings.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.